Sep 24, 2017 Last Updated 2:27 PM, Sep 22, 2017

New Entry From the Editor :

Rio Tinto commits further $3.15 billion to shareholders in buyback programme

Rio Tinto commits further $3.1…

AusBN - Rio Tinto has announced it will distribute a further AUS$3.15 billi...

BHP surges back to profit thanks to increased prices and improved productivity

BHP surges back to profit than…

AusBN- BHP demonstrated a strong financial performance for the last fiscal ...

Toys R Us to trade as usual in Australia despite filing for bankruptcy

Toys R Us to trade as usual in…

AusBN - Toys R Us has confirmed it will continue to operate as normal in Au...

Koko Black enters administration

chocolateAusBN – Premium chocolatier Koko Black has gone into voluntary administration after rapid expansion put the private company under strain.

The Melbourne-based manufacturer and retailer will remain open for business in the run-up to Christmas, keeping its 300 staff in work.

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BlueScope to keep Kembla steelworks open

steel rodsAusBN – Bluescope Steel has announced that it will continue steelmaking operations at Port Kembla in Illawarra, New South Wales, after a campaign was launched to cut production costs.

Keeping the steelworks open will save as many as 5,000 local jobs.

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Ford confirms closure of final factories

AusBN – Automaker Ford has confirmed that it will close its last remaining factories in Australia on 7 October 2016.

The closure of the Broadmeadows car factory and Geelong engine plant will affect 850 workers.

Ford is Australia’s largest car manufacturer and began building vehicles in the country in 1925, but from October next year will become solely a vehicle importer.

The company said that although most of the 500 workers at Broadmeadows and 350 workers at Geelong will work their last day on 7 October, a few dozen will stay behind to ensure the final cars are delivered to dealers.

Both factories will be handed over to a decommissioning team by the end of October.

The make of the last-ever Ford car to be built in Australia, and whether it will be donated to a museum, is yet to be determined.

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